FTS
Fortis Inc
NYSE: FTS · UTILITIES · UTILITIES - REGULATED ELECTRIC
$56.24
-0.46% today
Updated 2026-04-29
Market cap
$28.63B
P/E ratio
22.50
P/S ratio
2.35x
EPS (TTM)
$2.50
Dividend yield
4.40%
52W range
$44 – $59
Volume
0.8M
Fortis Inc (FTS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $2.72B | $3.90B | $3.64B | $3.66B | $3.74B | $3.65B | $4.05B | $5.40B | $6.76B | $6.84B | $8.30B | $8.39B | $8.78B | $8.94B | $9.45B | $11.04B | $11.52B | $11.51B | $12.17B |
| Revenue growth (YoY) | — | +84.7% | +43.6% | -6.8% | +0.7% | +2.0% | -2.2% | +10.8% | +33.5% | +25.1% | +1.2% | +21.4% | +1.1% | +4.7% | +1.7% | +5.7% | +16.9% | +4.3% | -0.1% | +5.8% |
| Cost of revenue | $540.49M | $1.29B | $2.11B | $1.80B | $1.69B | $1.70B | $1.52B | $1.62B | $2.20B | $2.59B | $2.34B | $2.36B | $4.78B | $2.52B | $2.56B | $2.95B | $3.95B | $3.77B | $3.25B | $3.37B |
| Gross profit | $931.25M | $1.43B | $1.79B | $1.84B | $1.98B | $2.04B | $2.13B | $2.43B | $3.20B | $4.17B | $4.50B | $5.94B | $3.61B | $6.26B | $6.37B | $6.50B | $7.09B | $7.75B | $8.26B | $8.80B |
| Gross margin | 63.3% | 52.6% | 45.9% | 50.5% | 54.0% | 54.6% | 58.3% | 60.0% | 59.3% | 61.7% | 65.8% | 71.6% | 43.0% | 71.3% | 71.3% | 68.8% | 64.2% | 67.3% | 71.8% | 72.3% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56M | $317232.00 | $11.00M | $1.00M | $477403.00 | — | — | — | — | — | — |
| Operating income | $355.15M | $541.00M | $700.00M | $701.00M | $740.00M | $775.00M | $794.00M | $852.00M | $1.02B | $1.42B | $1.48B | $2.51B | $2.37B | $3.04B | $2.51B | $2.47B | $2.74B | $3.08B | $3.29B | $3.49B |
| Operating margin | 24.1% | 19.9% | 17.9% | 19.3% | 20.2% | 20.7% | 21.7% | 21.1% | 18.9% | 21.0% | 21.7% | 30.2% | 28.2% | 34.6% | 28.1% | 26.1% | 24.8% | 26.8% | 28.6% | 28.7% |
| EBITDA | $532.66M | $814.00M | $1.05B | $1.06B | $1.16B | $1.23B | $1.27B | $1.39B | $1.69B | $2.30B | $2.52B | $3.65B | $3.67B | $4.53B | $4.09B | $4.15B | $4.57B | $5.15B | $5.51B | $5.89B |
| EBITDA margin | 36.2% | 29.9% | 26.8% | 29.3% | 31.7% | 32.9% | 34.7% | 34.4% | 31.2% | 34.1% | 36.8% | 44.0% | 43.7% | 51.5% | 45.8% | 43.9% | 41.4% | 44.7% | 47.9% | 48.4% |
| EBIT | $355.15M | $541.00M | $698.00M | $705.00M | $754.00M | $813.00M | $798.00M | $852.00M | $998.00M | $1.43B | $1.54B | $2.47B | $2.42B | $3.18B | $2.66B | $2.64B | $2.90B | $3.38B | $3.58B | $3.83B |
| Interest expense | $0.00 | $0.00 | $361.00M | $360.00M | $362.00M | $363.00M | $366.00M | $389.00M | $547.00M | $553.00M | $678.00M | $914.00M | $974.00M | $1.03B | $1.04B | $1.00B | $1.10B | $1.30B | $1.41B | $1.48B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $149.00M | $199.00M | $259.00M | $280.00M | $313.00M | $357.00M | $362.00M | $410.00M | $379.00M | $805.00M | $660.00M | $1.03B | $1.17B | $1.72B | $1.27B | $1.29B | $1.39B | $1.57B | $1.68B | $1.80B |
| Net income growth (YoY) | — | +33.6% | +30.2% | +8.1% | +11.8% | +14.1% | +1.4% | +13.3% | -7.6% | +112.4% | -18.0% | +55.8% | +13.4% | +47.7% | -26.0% | +1.6% | +7.7% | +12.8% | +6.8% | +7.1% |
| Profit margin | 10.1% | 7.3% | 6.6% | 7.7% | 8.5% | 9.6% | 9.9% | 10.1% | 7.0% | 11.9% | 9.7% | 12.4% | 13.9% | 19.6% | 14.3% | 13.7% | 12.6% | 13.7% | 14.6% | 14.8% |